This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer
Christmas is coming! This is probably not news to you.
If you have young children, the excitement has been building since the calendar turned to December (and maybe even sooner). This is positive anticipation.
A blizzard is coming! This is probably not news to you.
If you have tuned in to any form of media over the last few days, you know our odds of white Christmas are looking very high right now. This is either positive or negative anticipation depending on how much you love sentiment more than you despise inconvenience.
A recession is coming! This is probably not news to you.
Rumors of a recession in 2023 have been circulating for almost a year now, so if one arrives it will not be a surprise. This is negative anticipation.
Anticipation based on the calendar is predictable. We celebrate Christmas every December 25. If the world still exists in 100 years, we can look on a calendar and find that Christmas Day in 2122 will be on a Friday.
Positive and predictable is pretty comfortable.
Anticipation based on the weather is less predictable. We have some idea of what is coming based on radar, wind direction, and powerful computer models. However, the forecast still seems to change frequently until about 12 hours before the weather event.
Less predictable is less comfortable, whether positive or negative.
Anticipation based on economists is unpredictable. The number of variables and data points driving global economic direction are unfathomably complex, even to the most powerful processing chips. Most economic data gives us a glimpse into the past instead of a view of the present, giving us little faith in what may be a challenging future.
Negative and unpredictable is simply uncomfortable.
As we anticipate the certainty of Christmas and move forward into an unpredictable future, our prayer is for your and your family’s financial, physical, and spiritual well-being.
Have a very blessed Christmas!
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.
Any opinions are those of IAG and not necessarily those of LPL Financial. Expressions of opinion are as of this date and are subject to change without notice. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. No strategy assures success or protects against loss. Investing involves risk including loss of principal.
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